Section 339.2515 – Listing Agreement; Discrimination Prohibited; Burden of Proof; Legal and Equitable Remedies.
339.2515 Listing agreement; discrimination prohibited; burden of proof; legal and equitable remedies. Sec. 2515. (1) A listing agreement entered into between the broker and seller or lessor of property shall contain language that discrimination because of religion, race, color, national origin, age, sex, disability, familial status, or marital status on the part of the real […]
Section 339.2516 – Interest in Real Property; Acquisition by Licensee; Proof of Disclosures and Consents.
339.2516 Interest in real property; acquisition by licensee; proof of disclosures and consents. Sec. 2516. (1) If a licensee buys or otherwise acquires, directly or indirectly, an interest in real property, the licensee shall disclose to the owner of the property that the licensee is licensed under this part before the owner is asked to […]
Section 339.2516a – Inspection of Document or Record by Representative of Department.
339.2516a Inspection of document or record by representative of department. Sec. 2516a. During normal business hours, a licensee shall allow any authorized representative of the department to enter any of its places of business in this state and inspect any document or record that the department determines is reasonably necessary for an investigation of the […]
Section 339.2516b – Rescission of Rules.
339.2516b Rescission of rules. Sec. 2516b. R 339.22205 to R 339.22301, R 339.22309 to R 339.22311, R 339.22317 to R 339.22319, R 339.22323 to R 339.22329, and R 339.22339 to R 339.22405 of the Michigan Administrative Code are rescinded. History: Add. 2016, Act 502, Eff. Mar. 29, 2017 Popular Name: Act 299
Section 339.2517 – Disclosure of Agency Relationship.
339.2517 Disclosure of agency relationship. Sec. 2517. (1) A licensee shall disclose to a potential buyer or seller in a real estate transaction all types of agency relationships available and the licensee’s duties that each agency relationship creates before the disclosure by the potential buyer or seller to the licensee of any confidential information specific […]
Section 339.2518 – Prohibited Actions.
339.2518 Prohibited actions. Sec. 2518. An action shall not be brought against a real estate broker, an associate broker, or a real estate salesperson under the following circumstances: (a) For failure to disclose to a purchaser or lessee of real property that a former occupant has or is suspected of having a disability. As used […]
Section 339.2512a – Action for Collection of Compensation for Performance of Act or Contract; Allegation and Proof.
339.2512a Action for collection of compensation for performance of act or contract; allegation and proof. Sec. 2512a. A person engaged in the business of, or acting in the capacity of, a person required to be licensed under this article, shall not maintain an action in a court of this state for the collection of compensation […]
Section 339.2512b – Actions Not Constituting Participation in Real Estate Transaction or in Payment of Real Estate Commissions.
339.2512b Actions not constituting participation in real estate transaction or in payment of real estate commissions. Sec. 2512b. The following actions do not constitute participation in a real estate transaction or in the payment of real estate commissions: (a) As an owner or an authorized agent of the owner, offering an existing tenant of the […]
Section 339.2512c – Property Management Performed by Real Estate Broker.
339.2512c Property management performed by real estate broker. Sec. 2512c. (1) Except as otherwise provided in this section, all property management duties, responsibilities, and activities performed by a real estate broker and his or her agent engaged in property management shall be governed by and performed in accordance with a property management employment contract. (2) […]
Section 339.2512d – Service Provision Agreement; Duties; Services; Misleading Public Prohibited; Waiver of Services in Limited Service Agreement.
339.2512d Service provision agreement; duties; services; misleading public prohibited; waiver of services in limited service agreement. Sec. 2512d. (1) A licensee that is acting under the terms of a service provision agreement shall perform the duties described in subsection (2). A real estate broker may authorize a designated agent to represent the client, if that […]